Capcom Shares Boosted by Wii

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High estimates for Wii projects take the publisher's stock to a five-year high.

By Matt Casamassina

Stock for third party publisher Capcom rose to a five-year high on the Tokyo Stock Exchange on Tuesday due to increased support for Nintendo's Wii console. In June, the videogame maker released Resident Evil 4: Wii Edition, which is expected to exceed internal projections of 620,000 units worldwide.

According to a report by Bloomberg, Capcom's chief financial officer, Kazuhiko Abe, recently met with analysts in New York and Boston and focused on the company's Wii portfolio, which has doubled from three to six games in recent months.

Capcom is set to publish Resident Evil: Umbrella Chronicles, Zack & Wiki: Quest for Barbaros' Treasure and Harvey Birdman in America later this year. The company has also announced the Camelot-developed sports game We Love Golf and Devil Kings 2 for Wii. All of these titles in addition to the already-released Resident Evil 4: Wii Edition makes six, and we expect more games to follow.